Bullish run: Reliance, TCS, Airtel lift top-10 mcap by Rs 1.72 lakh cr; HDFC Bank and SBI weigh down
The combined market valuation of eight of the top-10 most valued firms climbed Rs 1,72,148.89 crore last week, tracking a bullish undertone in domestic equities, with Reliance Industries emerging as the biggest gainer.The BSE benchmark had advanced 709.19 points, or 0.87 per cent, during the week, PTI reported.From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever Ltd (HUL), Life Insurance Corporation of India (LIC) and Bajaj Finance recorded gains. In contrast, HDFC Bank and State Bank of India (SBI) witnessed a drop in market capitalisation.Reliance Industries’ market valuation surged Rs 48,107.94 crore to Rs 19,07,131.37 crore, the sharpest among the gainers. HUL’s mcap rose Rs 34,280.54 crore to Rs 6,17,672.30 crore, while Bharti Airtel added Rs 33,899.02 crore to reach Rs 11,02,159.94 crore.Bajaj Finance’s valuation jumped Rs 20,413.95 crore to Rs 5,55,961.39 crore, Infosys advanced Rs 16,693.93 crore to Rs 6,18,004.12 crore, and TCS rose Rs 11,487.42 crore to Rs 11,04,837.29 crore.ICICI Bank added Rs 6,443.84 crore, taking its valuation to Rs 10,25,426.19 crore, while LIC edged up Rs 822.25 crore to Rs 5,62,703.42 crore.On the losing side, HDFC Bank’s mcap declined Rs 20,040.7 crore to Rs 15,08,346.39 crore, while SBI’s fell Rs 9,784.46 crore to Rs 7,53,310.70 crore.Reliance Industries retained its position as the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, HUL, LIC and Bajaj Finance.
